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politics

Shipping Thrived After Trump Waived the Jones Act

Perhaps it's time to scuttle the law once and for all.

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When the U.S. launched a war against Iran in February, it sent the prices of goods like fuel and fertilizer skyrocketing.

Hoping to remediate the damage, President Donald Trump issued a waiver of Section 27 of the Merchant Marine Act of 1920.

Better known as the Jones Act, the statute says cargo moving between American ports must be carried on a ship that was built in America, with predominantly American owners and crew.

Under the Jones Act, Alaskan refiners may only send oil to the U.S. mainland on a ship built, owned, and staffed by Americans.

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